A fools errand - calling tops in SP500
Calling a top in this market has really been a fools game these last few years but here's a call anyway. My analysis is based on a very dubious Elliott wave count and the mid line of the parallel channel drawn from where I have called waves 2 and 4 of the uptrend from 2009 and parallel with my wave 3 of May 2015. As ever, I am expecting to be wrong.......but you never know.
Note
Creeping higher. Will be looking for a break of the trend-line.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.